Cashback Bonus – how does it work?
The cashback Bonus is a promotion very much liked by casino eaters. It will not only reduce the player's expenses, but also reduces the risk and gives the opportunity to make up for possible losses or increase profits.
The percentage of return on a bet is a kind of compensation that the casino bestows on its players. Of course, this is to keep him at home for longer. It can be said that this is such a loyalty program for regular customers, although new players can also use it.
The most popular type of cashback is the cashback bonus on lost funds. It consists in the fact that for each lost bet, the player receives a certain percentage of the return, which is paid into his account. Withdrawals take place most often at the end of the month, because it is simply more convenient for the casino, but there are also transfers once a week and even instant.
Of course, the exact terms of the bonus depend on the terms of the promotion. It is worth familiarizing yourself with it, because cashback casino is subject to the fulfillment of several such conditions. This is mainly a minimum turnover of the received cash and a time limit – just like in the case of a welcome bonus, free spins or Deposit Bonus.
The player can also receive a cashback as an additional prize for winning or a deposit reward, i.e. a deposit cashback.
What does an online casino cashback look like?
As we mentioned earlier, casino cashback is simply a refund that is available to registered players. Most often you can meet with two types of this bonus:
- Cashback deposit - the player receives a refund in the amount of a certain percentage of the deposit made, e.g. cashback online casino 20% will be equivalent to $ 20 when you deposit $100 . However, it should be remembered that the refund of the deposit is valid for a certain period. All conditions are described in the regulations.
- Cashback for bets - the refund amount depends on the number of bets placed. The more funds a player turns, the greater the return he can count on. There are also certain limits specified in the promotion terms and conditions.
The percentage of cashback depends on the casino. One will offer a 5% refund, the other can reward with 20% cashback. It is worth following our website, where we keep you informed about available promotions related to cashback.
Cashback Terms And Conditions
No casino promotion is identical, although it is based on the same principles. The same goes for cashback. Below are the general conditions that must be met to receive it:
- Cashback is activated with a bonus code. This is not an automatic promotion.
- The bonus code can be found on the casino's website in the promotion terms and Conditions section. It is worth looking there to get acquainted with the terms of cashback.
- The bonus code can also be obtained on the partners ' websites. Then it is enough to express the desire to participate in the promotion by clicking on the corresponding button on the site. The player will be automatically redirected to the casino website, where he will register, make a deposit and take advantage of the cashback during the game.
- Each cashback bonus must be redeemed within a certain period of time. Otherwise, the bonus will be forfeited. Most often, the player has 3 days for this.
- All winnings from bonus credits are Bonus winnings. They can not be withdrawn until the player meets the conditions of the promotion.
- When using cashback, the player first uses the bonus money from the Bonus Account, and only then the money from the main account.
- Cashback is not combined with other bonuses.
- You must be 18+ years old. This is a general requirement for casinos. Under African law, underage users may not engage in any form of gambling.
Formula for Cashback
Many people wonder how casinos calculate cashback. Of course, this process is done automatically, thanks to the algorithms on the site. Nevertheless, the player can independently calculate the approximate cashback bonus using this simple formula:
[Deposits – (Withdrawals + Rewards)] * X = Cashback |
What do the above components mean?
- Deposits - the sum of deposits made within a specified time frame.
- Withdrawals - the sum of payments made within a specified time frame.
- Awards - any bonuses that the player has received.
- X - the rate of return for the player (depends on his level, if the casino has a loyalty program).
Given this formula, you can calculate your return in a very simple way. Below we show you how to do this using a representative example.
Janek deposited $ 500 into his account on Monday and would like to take advantage of the promotion cashback casino online . He chooses his favorite game and starts betting. He will play every day for a week to increase his chances and train a little.
On Wednesday, he decided to withdraw part of the winnings. He transferred $ 150 to his account and kept playing until Sunday. He has not received any award in the meantime. Its level in the casino indicates a return of 5%.
By the end of the week, he knows what kind of return he can expect.
[500 $ – (150 $ +0 $)] * 5% = 350 $ * 5% = 17,50 $
The casino Cashback in the above example would be $17.50.
Cashback recommendations
If you want to maximize your profits and thus minimize losses after a loss, you should follow a few of our tips:
- The cashback offer should be tailored to the player's experience, casino activity, deposit budget and playing style. online slot machines .
- Always read the terms and conditions of the online casino cashback promotion. This way you will know all the conditions that must be met to receive it and you will avoid unpleasant surprises. The terms and conditions are available on the casino website.
- Details of the promotion can also be found on our website. We keep track of available cashbacks and update the offer, so that all the necessary information is at your fingertips.
- The casino Cashback bonus is not awarded automatically. He must be admonished. Usually, casinos solve this by providing a special code that you must enter in the appropriate field on your account.
- Keep up to date with the availability of cashbacks, as they are limited in time.
- If you are a fan of one slot machine, it is worth looking for cashback on it. Knowledge of the specifics of the game on a particular one-armed bandit will certainly come in handy in this case.
- The same goes for your favorite casino. It is worth looking for a promotion right there, because the cashback is often dependent on the level of the player in the loyalty program.
- Cashback can be valid on certain days, every day, every week, every month, etc. Each casino creates its own rules.
Gambling and Cashback
Already knowing the specifics and conditions for receiving a cashback, it is worth knowing for what games it is offered. Well, the cashback bonus is most often valid for slot machines, table games and live casino games, that is, in general – for all games for Real Money. But this is a very simplified rule.
It may be that an online casino will only offer cashback on one specific game, not all. It all depends on what the rules of this promotion are. In the end, the decision belongs to the casino that knows best on what terms cashback will still be profitable for them.
Casino cashback may therefore look different depending on where you choose it. Below are some examples of cashback offers at popular casinos available to African players.
AmunRa | Up to € 1,000 in weekly cashback |
Unibet | Cashback to 98% |
RoyalRabbit | 10% cashback on Live Casino |
Casinomia | 10% cashback up to 20 euro |
EgoCasino | 15% cashback up to $4000 |
iLUCKI Casino | Up to 20% Cashback on weekends |
Nominees | 15% cashback for new players |
Avalon78 | Cashback 7% |
Advantages and disadvantages of money back in casinos
Online casino cashback Bonus is a very attractive form of promotion that is sure to attract many players. And although it might seem that using it is a pure profit, it turns out that it is not quite so. Below are a few of the advantages and disadvantages of top cashback casino.
Advantages:
- very simple cashback process
- minimizes player losses
- the more active the player, the better the cashback conditions (loyalty program)
Disadvantages:
- this promotion is limited in time
- there is an upper limit to the amount granted.
As you can see, the online casino gives cashback willingly, although there are certain conditions associated with it. But have you ever seen a bonus without them? That's right.
If you are a fan of online casinos and free cash is the best incentive for you to play, then the cashback bonus is sure to please you. This is a very popular promotion offered by most online casinos and the only requirement to get it is to register at the casino.
Casino cashback is nothing more than a refund of cash, which the player can use for further play in the casino. Just register, make a deposit and take part in the promotion. The process is trivial, and the potential benefits are worth the effort.
On our page you will find a list of the best spins that are available for African players. Online casino cashback is a promotion not to be missed.